the MM will certainly play around with this price. The question is, do you really want to be clever and be out the stock waiting to buy them a few pennies cheaper when any RNS could see these up 30% immediately? My view is that the institutions have taken this up not on what has already been announced but rather on what is coming out soon which management have no doubt been alluding to in the meetings....
I suspect this will trade between 90p and 100p and then one morning not too far off it will open up 20p immediately on a bullish RNS. So i guess rather than get excited about every penny up or down you either sit tight knowing these will be materially higher down the road...or hold off and try to pick a lower price. Personally im happy to be in and just wait, possibly topping up on weak days.